FTSM vs. PIMIX
Compare and contrast key facts about First Trust Enhanced Short Maturity ETF (FTSM) and PIMCO Income Fund Institutional Class (PIMIX).
FTSM is an actively managed fund by First Trust. It was launched on Aug 5, 2014. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTSM or PIMIX.
Key characteristics
| FTSM | PIMIX | |
|---|---|---|
| YTD Return | 4.57% | 4.75% |
| 1Y Return | 5.53% | 9.47% |
| 3Y Return (Ann) | 3.54% | 1.94% |
| 5Y Return (Ann) | 2.41% | 3.15% |
| 10Y Return (Ann) | 1.94% | 4.20% |
| Sharpe Ratio | 11.00 | 2.39 |
| Sortino Ratio | 28.15 | 3.69 |
| Omega Ratio | 6.20 | 1.48 |
| Calmar Ratio | 83.73 | 2.70 |
| Martin Ratio | 338.10 | 12.49 |
| Ulcer Index | 0.02% | 0.85% |
| Daily Std Dev | 0.51% | 4.46% |
| Max Drawdown | -4.12% | -13.39% |
| Current Drawdown | 0.00% | -1.80% |
Correlation
The correlation between FTSM and PIMIX is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FTSM vs. PIMIX - Performance Comparison
The year-to-date returns for both investments are quite close, with FTSM having a 4.57% return and PIMIX slightly higher at 4.75%. Over the past 10 years, FTSM has underperformed PIMIX with an annualized return of 1.94%, while PIMIX has yielded a comparatively higher 4.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FTSM vs. PIMIX - Expense Ratio Comparison
FTSM has a 0.25% expense ratio, which is lower than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
FTSM vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Short Maturity ETF (FTSM) and PIMCO Income Fund Institutional Class (PIMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FTSM vs. PIMIX - Dividend Comparison
FTSM's dividend yield for the trailing twelve months is around 4.95%, less than PIMIX's 6.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 4.95% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.15% | 1.38% | 1.03% | 0.48% | 0.19% | 0.00% |
PIMIX PIMCO Income Fund Institutional Class | 6.25% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% | 5.46% |
Drawdowns
FTSM vs. PIMIX - Drawdown Comparison
The maximum FTSM drawdown since its inception was -4.12%, smaller than the maximum PIMIX drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for FTSM and PIMIX. For additional features, visit the drawdowns tool.
Volatility
FTSM vs. PIMIX - Volatility Comparison
The current volatility for First Trust Enhanced Short Maturity ETF (FTSM) is 0.13%, while PIMCO Income Fund Institutional Class (PIMIX) has a volatility of 1.11%. This indicates that FTSM experiences smaller price fluctuations and is considered to be less risky than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.